The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code (IBC) for the liquidation of Drupa Suppliers Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated, and a Committee of Creditors (COC) was constituted. No Expression of Interest (EOI) was received, leading the COC to resolve for liquidation. The application for liquidation was filed by the Resolution Professional (RP).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Drupa Suppliers Pvt Ltd, with the case being admitted on 2020-10-08. After the appointment of an Interim Resolution Professional (IRP), a public announcement was made to invite claims from creditors. A Committee of Creditors (COC) was formed, consisting of four financial creditors. Since no Expression of Interest (EOI) was received, the COC decided to proceed with the liquidation of the Corporate Debtor. All members of the COC voted in favor of liquidation. The Resolution Professional (RP) then filed an application under Section 33 of the IBC for an order of liquidation. The meeting where the decision to liquidate was taken occurred on 2021-01-01. The Adjudicating Authority considered the
…Sign in to view the parties.
C.P. (IB) 730/2019 was admitted, initiating the…
A public announcement was made under Section…
The case involves an application filed under Section 33 of the Insolvency and Bankruptcy Code (IBC) for the liquidation of Drupa Suppliers Pvt Ltd. The Corporate Insolvency Resolution Process (CIRP) was initiated, and a Committee of Creditors (COC) was constituted. No Expression of Interest (EOI) was received, leading the COC to resolve for liquidation. The application for liquidation was filed by the Resolution Professional (RP).
The Corporate Insolvency Resolution Process (CIRP) was initiated against Drupa Suppliers Pvt Ltd, with the case being admitted on 2020-10-08. After the appointment of an Interim Resolution Professional (IRP), a public announcement was made to invite claims from creditors. A Committee of Creditors (COC) was formed, consisting of four financial creditors. Since no Expression of Interest (EOI) was received, the COC decided to proceed with the liquidation of the Corporate Debtor. All members of the COC voted in favor of liquidation. The Resolution Professional (RP) then filed an application under Section 33 of the IBC for an order of liquidation. The meeting where the decision to liquidate was taken occurred on 2021-01-01. The Adjudicating Authority considered the
…C.P. (IB) 730/2019 was admitted, initiating the…
A public announcement was made under Section…